KEY POINTS
  • Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter.
  • Musk's lawyer claimed Twitter failed to comply with its obligations in the merger agreement.
  • Twitter's board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement.

In this article

Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter, according to a letter sent by a lawyer on his behalf to the company's chief legal officer Friday.

But Twitter's board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement.

In this article